Coastal Corporation's Wholly Owned Subsidiaries Achieve Milestones Amidst Geopolitical Challenges

Coastal Corporation Ltd. provides an update on the status of its Wholly Owned Subsidiaries' projects, Coastal Biotech Private Limited (CBPL) and Continental Fisheries India Limited (CFIL). CBPL has successfully completed trial runs of the Ethanol Project and is preparing for commercial production starting from May 19, 2025. CFIL, on the other hand, has temporarily halted the Odisha Processing Plant project due to geopolitical challenges, including new USA tariffs on Indian exports and global economic factors. CFIL is currently utilizing third-party services for shrimp processing and exporting, awaiting clarity on future industry prospects to determine further action. The corporation remains committed to advancing the Odisha Processing Plant project and will provide updates as the situation stabilizes.